So I am a bit of a data nerd coming from corporate IT Finance world. We had a very hard time getting our hands on Market data that was specific to Multi-family in MA. You know what they say, if you can't find it the b...
So I saw a duplex on the market and put it under contract for 312k, I thought it was a good investment.Fast forward, now the appraisal came out and was priced at $280k, after I did more research I realized that I was ...
I rehabbed a 3 family using a mix of hard money and my own credit. I have been renting it out for the last year and was hoping to cash-out refi to pay back my investors and myself but my appraisal came back too low fo...
Background info:5 units (efficiency/1BD) MFH with below market rent (~10-15% below market) at a reasonable asking price on market in 10/211st buyer under contract never had legitimate documented tax return income (cro...
Have a tax related question about capital gain tax exclusion for primary residence (which was converted to rental in 3 years). Year 1: Primary ResidenceYear 2-4: Rentalyear 5: Primary ResidenceIn this situation, I do ...
Hello all!My wife and I are building our first home in Las Vegas and will be completed next year in mid-summer. I am eager to get my feet wet on a first rental/BRRR property before our home is completed.What would be...
I have a close relationship with my investor (family member), but as I move in on a property I can sense it may fall through because of the pandemic. Just an hour before putting in an offer I was given the “let’s thin...
[Note: this inquiry was originally posted under the "Creative Real Estate Financing - Toledo, Ohio" Forum category (under a related title), but without any response.]
I'm exploring a creative financing technique for...
Hi, I have a tenant who is claiming she did not break the dishwasher when I know that the dishwasher was working completely when they moved in and was working months after that. The whole panel came off and the screws...
Hello All,I was in contract to purchase a duplex in California. Unfortunately, two weeks before closing, one of the units had a small fire due to electrical issue that render that unit inhabitable. The seller's insura...